Mary's income is 60 percent more than Tim's income, and Tim's income is 40 percent less than Juan's income. What percent of Juan's income is Mary's income?
(A) 124%
(B) 120%
(C) 96%
(D) 80%
(E) 64%
[spoiler]OA=C[/spoiler]
Source: Official Guide
Mary's income is 60 percent more than Tim's income, and
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Let J=100.VJesus12 wrote:Mary's income is 60 percent more than Tim's income, and Tim's income is 40 percent less than Juan's income. What percent of Juan's income is Mary's income?
(A) 124%
(B) 120%
(C) 96%
(D) 80%
(E) 64%
Since Tim's income is 40% less than Juan's, T = 100 - (40% of 100) = 100 - 40 = 60.
Since Mary's income is 60% greater than Tim's, M = 60 + (60% of 60) = 60 + 36 = 96.
What percent of Juan's income is Mary's income?
M/J = 96/100 = 96%.
The correct answer is C.
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I suggest that we choose some nice values that meet the given conditions.VJesus12 wrote:Mary's income is 60 percent more than Tim's income, and Tim's income is 40 percent less than Juan's income. What percent of Juan's income is Mary's income?
(A) 124%
(B) 120%
(C) 96%
(D) 80%
(E) 64%
[spoiler]OA=C[/spoiler]
Source: Official Guide
Tim's income is 40 percent less than Juan's income.
Let Juan's income = $100
40% of $100 = $40
This means Tim's income = $100 - $40 = $60
Mary's income is 60 percent more than Tim's income
60% of $60 = $36
So Mary's income = $60+ $36 = $96
What percent of Juan's income is Mary's income?
Juan's income = $100
Mary's income = $96
So, Mary's income is 96% of Juan's income
Answer: C
Cheers,
Brent
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To solve this problem we create variables for the income of Mary, Tim, and Juan, and then set up some equations.VJesus12 wrote:Mary's income is 60 percent more than Tim's income, and Tim's income is 40 percent less than Juan's income. What percent of Juan's income is Mary's income?
(A) 124%
(B) 120%
(C) 96%
(D) 80%
(E) 64%
[spoiler]OA=C[/spoiler]
Source: Official Guide
T = Tim's income
M = Mary's income
J = Juan's income
We are given that Mary's income is 60% more than Tim's. Thus, we can say:
M = 1.6T
We are also given that Tim's income is 40% less than Juan's income. So we can say:
T = 0.6J
We are asked to determine the percent of Juan's income that Mary's income is. For this we can set up the expression:
M/J x 100%
To complete this problem we must express Juan's income and Mary's income in terms of a common variable. That common variable is T. Thus, we have:
M = 1.6T
J = T/0.6
So finally we can substitute T/0.6 for J and 1.6T for M
M/J x 100%
(1.6T)/(T/0.6) x 100%
(1.6T) x (0.6/T) x 100%
The T's cancel and we have:
1.6 x 0.6 x 100%
0.96 x 100% = 96%
Alternate Solution:
Let Tim's income be 100. Then Mary's income is 160 and Juan's income is 100/0.6 = 500/3 ≈ 166.6. We see that Mary's income is just slightly less than Juan's income and eyeballing the answer choices, we notice that 96% is the only possible answer.
Answer: C
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